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SEC Sets Sights
On Fine-Tuning
Audit Standards

By

Judith Burns

Updated April 4, 2007 12:01 a.m. ET

WASHINGTON -- Securities regulators meet today to weigh in on an element of a 2002 law cracking down on corporate accounting, part of an effort by the Securities and Exchange Commission and the Public Company Accounting Oversight Board to make compliance less costly.

The SEC will hear recommendations from its accounting staff regarding ways to better align the SEC's proposed guidance for managers and the oversight board's proposed new standard for auditors regarding internal-controls reviews.